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ICE canola futures mixed before StatsCan report

ReutersAug 27, 2025 7:03 PM

- ICE canola futures rose and fell but ended slightly lower as traders prepared for Thursday's Statistics Canada crop production report.

• November canola RSX5 settled down $4.10 at $650.70 per metric ton. January RSF6 fell $3.80 to $663.10. The Wednesday session saw moves both up and down from the open.

• A Reuters survey of traders and analysts found an average estimate of 20.3 million metric tons of Canadian canola. The all-wheat crop has an average estimate of 35.9 million tons. The durum crop is projected at 6 million tons.

• The model-based StatsCan estimate is based on data from late July. Since then the weather in most crucial canola-growing regions has been excellent, with both cool temperatures and frequent showers allowing crops to have a lengthy flowering season and pod-filling period. A number of traders said they think the StatsCan number will underestimate the true size of the crop.

• Early-seeded canola is being harvested in a number of areas. Harvesting is being frequently disrupted by rainfall.

• Chicago Board of Trade soyoil futures BOv1 fell 0.62%.

• Euronext rapeseed futures COMc1 rose 1%.

• Malaysian palm oil futures FCPOc3 rose 0.5%. POI/

• The Canadian dollar CAD= rose. CAD/

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